Stora Enso OYJ (NASDAQ:SEOAY) Upgraded to Buy at Zacks Investment Research
Stora Enso OYJ (NASDAQ:SEOAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, July 11th. The brokerage currently has a $15.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.19% from the stock’s previous close.
According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “
Separately, ValuEngine upgraded Stora Enso OYJ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
Shares of Stora Enso OYJ (NASDAQ:SEOAY) opened at 13.37 on Tuesday. Stora Enso OYJ has a 12-month low of $8.64 and a 12-month high of $13.87. The company has a market cap of $10.54 billion and a price-to-earnings ratio of 18.88. The stock has a 50 day moving average of $13.37 and a 200 day moving average of $12.21.
Stora Enso OYJ (NASDAQ:SEOAY) last posted its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Stora Enso OYJ had a return on equity of 7.80% and a net margin of 4.29%. Equities research analysts predict that Stora Enso OYJ will post $0.81 earnings per share for the current fiscal year.
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About Stora Enso OYJ
Stora Enso Oyj is a provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. The Company’s segments include Consumer Board, Packaging Solutions, Biomaterials, Wood Products, Paper and Other. The Consumer Board segment develops and provides consumer packaging boards for printing and packaging applications.
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